Now that the state has enacted its biggest personal income tax cut since the mid-1990s, a prime task facing Governor Andrew Cuomo and the Legislature next year will be figuring out how to accommodate the tax cut in future budgets. Read More
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New York's budget for fiscal 2017 includes the state's biggest and broadest personal income tax cut since the mid-1990s. Equally significant, the income tax section (Part TT) of the budget's revenue bill decouples the previously temporary cuts in middle-income brackets, which will now be expanded and extended permanently, from the state's "millionaire tax," which is still due to expire at the end of 2017. Read More
The new state budget will fund a 35 percent expansion of a murky $1.1 billion pork-barrel slush fund controlled by Governor Andrew Cuomo and state lawmakers. Read More
While legislative leaders and Governor Cuomo were cooking their latest backroom state budget deal, the New York City Independent Budget Office was issuing five years' worth of updated statistics showing how heavily the city already depends on the volatile earnings of taxpayers at the top of the income pyramid. Read More
Employment growth in most upstate New York regions remained weak during the year ending in February, according to the latest monthly state Department of Labor jobs report. Read More
Three years ago, Governor Andrew Cuomo blew a rare opportunity to fundamentally reform one of the most costly provisions of the New York State law regulating public-sector collective bargaining. Now he's about to blow it again. Read More
Buried in the budget bill passed by the state Senate last week was a provision that would add billions more dollars to New York City's already sizable long-term pension liabilities. The provision in question would increase disability retirement benefits for city police officers hired since 2009—and, by extension, also for city firefighters and members of other uniformed services. Read More
In 2014, the Empire Center created guidelines for what information local governments and school districts should make available on their websites—and found that most of the state's 500 largest municipalities and districts were not meeting that standard. Read More
In their budget bills, state Assembly Democrats and Senate Republicans both had the good sense to reject one of the most egregious fiscal-political gimmicks ever to emerge from Governor Andrew Cuomo: a temporary income tax credit that would have reimbursed a portion of Thruway tolls paid by New York State residents and businesses. Read More
"Spending cap? What spending cap?" In effect, that's the state Assembly's opening public bid in state budget negotiations with Gov. Andrew Cuomo for the fiscal year that starts April 1. Read More
Statewide private sector employment in New York as of December was up just 1 percent over the same month a year earlier—less than half the national rate, and the lowest such growth rate in New York since the end of the recession in 2009, according to revised employment data released last week by the state Labor Department (DOL). The total year-to-year gain of just 76,500 private jobs was less than half the average recorded in each of the four previous Decembers since Governor Andrew Cuomo took office. Read More
In his push for a statewide $15-an-hour minimum wage, Governor Andrew Cuomo frequently invokes fairness, justice and the rhetoric of President Franklin D. Roosevelt. But the pre-FDR Progressive Era advocates of the minimum wage had a worldview that today would fit in best at a Donald Trump rally. Read More